đ $SKR /USDT: Massive +30% Pump! Is the Moonshot Over? đ
âThe Solana Mobile Seeker (SKR) token is defying the market gloom with a massive +30.46% explosion while the rest of the market bleeds! But looking at the 4H chart, are we due for a cool-down? Letâs dive into the technicals.
âđ Chart Breakdown:
âThe Breakout: SKR shattered the consolidation zone around $0.017 - $0.019, creating a massive green candle that peaked at $0.026694.
âThe Rejection (Warning Sign â ïž): Notice the long upper wick on the current candle? Thatâs a classic "Shooting Star" formation in the making. It means sellers are aggressively defending the $0.026 level, pushing the price back down to $0.0229.
âRSI Alert (71.26): The Relative Strength Index is officially Overbought (>70). In a bear market, overbought signals often lead to sharp corrections as momentum exhaustion sets in.
âMoving Averages: The EMA(7) (Yellow) has crossed violently above the EMA(25) (Purple), confirming a strong bullish trend reversal, but the price gap between the candles and the EMAs is too wideâprice often magnets back to the EMA(7) (currently $0.0205) to test support.
âđŻ Key Levels to Watch:
âResistance (Sell Zone): $0.0267 (Recent Top). Breaking this invalidates the bearish wick.
âSupport (Buy Zone): $0.0205 (EMA 7) and $0.0190 (EMA 25/Previous breakout level).
âđĄ Strategy (NFA):
âDon't FOMO into the green candle! đ
âWait for the Retest: Buying now at $0.0229 is risky with an RSI of 71.
âThe "Dip" Play: Watch for a pullback to the $0.019 - $0.020 zone. If it holds, thatâs your sniper entry for the next leg up.
âShort Squeeze? The Long/Short ratio is perfectly balanced (0.98), meaning the market is undecided. A small push could trigger another squeeze, but the technicals favor a short-term pullback first.
âVerdict: Bullish Trend đ, but Short-Term Overheated đ„. Patience pays!